25-27 Mandurah Terrace,
Mandurah, WA 6210
Shops & Retail • Development Sites & Land • Offices
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 25-27 Mandurah Terrace
PRIME MAINSTREET CORNER LOCATION - VALUE-ADD RETAIL INVESTMENT
- Prime Retail Investment
- Waterfront outlook
- Redevelopment Potential
CBRE is pleased to present for sale the Kannis Centre at 25-27 Mandurah Terrace, Mandurah situated on the high-Exposure corner of Mandurah Terrace and Smart Street in the heart of the Mandurah waterfront and tourism precinct.
The site presents an excellent value-add opportunity for the astute investor, with the potential to upgrade and enhance the existing buildings to maximise the income potential with further opportunity to fully redevelop in time up to 5 storeys, ideal for a prominent mixed-use development with exceptional main street frontage suited to lower level retail upper level residential uses.
1,217sqm* two storey building currently comprising 12 individual tenancies
1,250sqm* corner land parcel with extensive Smart Street and Mandurah Terrace frontages
Zoned ‘City Centre Development’ the property is ideally positioned for future upgrade or complete redevelopment
Overlooking the Mandurah foreshore, the building is well-complimented by nearby retail and entertainment offerings including Woolworths, Gloria Jeans, Redmanna Waterfront and The Brighton Hotel, plus many more specialty retailers.
The City of Mandurah has recently spent $17 million on a makeover of the Mandurah foreshore, creating a vibrant streetscape by the waterfront.
The local government is also in the process of advancing plans to upgrade the adjacent Smart Street mall, set to improve the appearance and presentation of Smart Street with a focus to activate and provide for pedestrian-based activity.
This property is now under offer. For further information, please contact exclusive selling agents CBRE.
*approx
The site presents an excellent value-add opportunity for the astute investor, with the potential to upgrade and enhance the existing buildings to maximise the income potential with further opportunity to fully redevelop in time up to 5 storeys, ideal for a prominent mixed-use development with exceptional main street frontage suited to lower level retail upper level residential uses.
1,217sqm* two storey building currently comprising 12 individual tenancies
1,250sqm* corner land parcel with extensive Smart Street and Mandurah Terrace frontages
Zoned ‘City Centre Development’ the property is ideally positioned for future upgrade or complete redevelopment
Overlooking the Mandurah foreshore, the building is well-complimented by nearby retail and entertainment offerings including Woolworths, Gloria Jeans, Redmanna Waterfront and The Brighton Hotel, plus many more specialty retailers.
The City of Mandurah has recently spent $17 million on a makeover of the Mandurah foreshore, creating a vibrant streetscape by the waterfront.
The local government is also in the process of advancing plans to upgrade the adjacent Smart Street mall, set to improve the appearance and presentation of Smart Street with a focus to activate and provide for pedestrian-based activity.
This property is now under offer. For further information, please contact exclusive selling agents CBRE.
*approx
Property ID: 503129746Last Updated: 8 Sep 2021
04179414...
25-27 Mandurah Terrace
Mandurah, WA 6210
CBRE - Perth Level 25, QV1, 250 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Woolworths Mandurah Greenfields Shopping Centre Woolworths Mandurah Greenfields Shopping Centre,Greenfields, WA 6210 5918 m²Shops & Retail
